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Announced

Blackstone to acquire a 52% stake in R Systems from Satinder Singh Rekhi for $359m.

Financials

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Transaction Value£311m
Consideration TypeCash
Capital Owned-
Capital Bid For52%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Single Bidder

Public

Friendly

IT service management

Private Equity

Majority

India

Digital Services

data analytics services

Pending

Acquisition

Cross Border

Synopsis

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Blackstone, an American alternative investment management company, agreed to acquire a 52% stake in R Systems, an IT service management company, from Satinder Singh Rekhi for $359m. “I am excited that our partnership with Blackstone will take R Systems on the path to its next level of growth. Today, R Systems is a well-known product engineering brand that attracts top-notch talent looking to work on cutting-edge solutions for our global clients. The company’s management team will be excited to welcome Blackstone and benefit from their scale, expertise, and global track record in IT services. Our employees, customers, and partners will gain immensely from this partnership with Blackstone. I am happy for my new role as an advisor to the company under Blackstone’s ownership,” Satinder Singh Rekhi, R Systems CEO.

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